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Garrett Motion officer plans $805K stock sale

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Garrett Motion Inc. (GTX) received a Rule 144 notice indicating that officer Daniel Deiro plans to sell up to 30,000 shares of Garrett Motion common stock through UBS Financial Services Inc. An estimated aggregate market value of $804,600.00 is reported for these shares, with a proposed sale date of 09/01/2026 on NASDAQ.

The shares to be sold arise from equity awards granted by the issuer, including 21,967 PSUs dated 02/22/2024, 6,892 RSUs dated 04/30/2024, and 1,141 RSUs dated 02/17/2025, which together account for the 30,000 shares covered by this notice.

Positive

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Shares to be sold 30,000 shares of common stock Planned Rule 144 sale through UBS Financial Services Inc.
Aggregate market value $804,600.00 Estimated value of 30,000 common shares covered by the notice
Proposed sale date 09/01/2026 Date listed for proposed NASDAQ sale of common shares
PSUs underlying sale 21,967 PSUs Common stock from PSU grant dated 02/22/2024
RSUs underlying sale (04/30/2024) 6,892 RSUs Common stock from RSU grant dated 04/30/2024
RSUs underlying sale (02/17/2025) 1,141 RSUs Common stock from RSU grant dated 02/17/2025
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
PSU financial
"Common | 02/22/2024 | PSU | Issuer | | | 21967 |"
A PSU is a company where the government owns a controlling stake and often plays a direct role in its management and strategy. Think of it like a business that operates with public oversight, similar to a town-run utility versus a private neighborhood service. Investors watch PSUs differently because government involvement can affect profits, dividend policies, regulatory treatment and stability, so these stocks may behave more like policy instruments than pure market-driven enterprises.
RSU financial
"Common | 04/30/2024 | RSU | Issuer | | | 6892 |"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
attorney-in-fact regulatory
"Signature | /s/ UBS Financial Services Inc, as attorney-in-fact for Daniel"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing disclose for Garrett Motion Inc. (GTX)?

It discloses that officer Daniel Deiro plans to sell up to 30,000 shares of Garrett Motion common stock under Rule 144 through UBS Financial Services Inc., with an estimated aggregate market value of $804,600.00 and a proposed sale date of 09/01/2026.

How many Garrett Motion (GTX) shares are covered by this planned Rule 144 sale?

The notice covers up to 30,000 shares of Garrett Motion common stock. The filing lists an estimated aggregate market value of $804,600.00 for these shares in connection with the planned Rule 144 sale.

What equity awards are the Garrett Motion (GTX) shares being sold derived from?

The 30,000 shares are from issuer equity awards: 21,967 PSUs dated 02/22/2024, 6,892 RSUs dated 04/30/2024, and 1,141 RSUs dated 02/17/2025, as listed in the securities-to-be-sold section of the notice.

Who is executing the planned sale of Garrett Motion (GTX) shares?

The securities are to be sold through UBS Financial Services Inc., which is named as the broker for the 30,000 shares of Garrett Motion common stock, with the form signed “as attorney-in-fact for Daniel Deiro.”

On which market is the planned Garrett Motion (GTX) share sale to occur and when?

The notice states that the 30,000 shares of Garrett Motion common stock are proposed to be sold on NASDAQ with a proposed sale date of 09/01/2026, as listed in the securities information section.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature